Because Bitcoins have two advantages over gold. First, they can be used as a convenient medium of payments, though for a limited number of transactions, a function gold is missing. Second, the Bitcoin supply is expected to be limited to 21 million. The supply of gold, on the other hand, is expected to increase anytime its price rises, as it provides an incentive for gold miners to mine for gold.

for me bitcoin is better than gold because bitcoin has a lot to do. You can send or receive to different types of people wherever they are.Bitcoin transactions cannot be reversed or refunded. You should only deal with businesses or people you trust .You can also use it for paying your electric bill, water bill and etc.

We cannot compare this 2 together.Gold - stability, price haven't change for allmost nothing in last few yearsBitcoin - profitabillity, price in higher and higher day by day with small corrections

In my oppinion it is worth to have both.

I do not think that gold is a good option right now since we are living the world full of technology. Therefore, holding bitcoin will give us more chance to earn more money and interact with the future sooner than other people. Although the price of gold is stable, people still prefer something which can bring the more money than usual

Now if you can see the connection between profitability and stability. If something is not growing with time, then what's the use of keeping it? Bitcoins give huge profits and what publics want other than that. Also, you cannot use gold to make fast, large transactions.

I think it's incommensurable, gold and bitcoin are very different things, and I think they are good, gold is very good for investing with a larger portion of bitcoin, because gold accepted anyone and anywhere.

yes.bitcoin is better than gold. if you find bitcoin, it yours. if you find gold, you take deal with government.but, the other side gold can be better than bitcoin. gild can be best way to invest your money

Wake me up when you can transfer $1 billion worth of gold for $2 in ~10 minutes from any to any location of the world.

i think bitcoin is high in this date therefore the price now is like 2x now so the better is bitcoin,i think after a year bitcoin is good as money because of the transaction here not like bank

Bitcoin is starting to get into payment system of each country and even there is no law for legalization for transaction. There is already a lot of people that are using bitcoin to do transactions like selling or buying items and they preferred bitcoin because it is faster in transaction and also bitcoin have a cheaper rate in fee than the banks.

Somehow it is better, because at this moment in terms of money, bitcoin can be converted and be transferred without or with a very low amount of tax. but if we are talking about the gold, then there will be a investigation or a high tax that you would pay if you have too much amount of gold, because they will be wondering where and when did you get those amount of golds. therefore, i guess im going to go on bitcoins cause it is faster, tax free, and its just better.

Somehow it is better, because at this moment in terms of money, bitcoin can be converted and be transferred without or with a very low amount of tax. but if we are talking about the gold, then there will be a investigation or a high tax that you would pay if you have too much amount of gold, because they will be wondering where and when did you get those amount of golds. therefore, i guess im going to go on bitcoins cause it is faster, tax free, and its just better.

Welcome to the board

The current situation is a great example of why gold beats bitcoin as a store of value, but not as a speculative instrument. Gold, on its worst day, would never devalue this much. If gold starts to downtrend, it will be much, much slower, and you will be able to get out, at least, before you run to ruin. cryptos, on the other hand, do exactly what happened last night: devalue drastically and suddenly before one can react, and stay depressed enough to trigger poor sentiment and additional selling pressure.

bitcoin is like, a decade old. gold, is fucking ancient take the sure bet

Theory: when it was $1000 the first time, nobody could quite believe what was happening. So as soon as it started to slip, they bailed.When it was a few hundred, and started to slip, people said "hey I've already changed $100 into $20,000, better no get greedy!" and bailed.Now we have lots of people who have bought because they believe it will go up and up and up. They may be wrong, but their belief matters.

Bitcoin and Gold has a lot of difference. Bitcoin is something that you can't hold except for a paper wallet Bitcoin is virtual compared to Gold and Dollar. They have some pros and cons when it come to portability, Fees Security Etc. Bit coin is something way way fat different from any other fiat and assets.

Bitcoin and Gold has a lot of difference. Bitcoin is something that you can't hold except for a paper wallet Bitcoin is virtual compared to Gold and Dollar. They have some pros and cons when it come to portability, Fees Security Etc. Bit coin is something way way fat different from any other fiat and assets.

To me, I think Bitcoin is better than Gold and I will choose to invest Bitcoin. The price of Bitcoin is increasing very fast and it will be up to the sky very soon. Otherwise, A small amount of Bitcoin can be changed into cash in the local exchange very fast.

Bitcoin obviously has a lot of different properties than gold, and is in many ways better than gold.

Or, at the very least, you could say it's similar to gold (in terms of value).

Perhaps someday, in the not so distant future, people will be happy to get a few mBTC to store their family's wealth.

Is it true ? I think people are still more confident in gold. although its use is still less efficient than bitcoin. gold is one very good asset to store wealth, even the government also better suggest gold.

I don't see the need for the comparisons here, they both have their pros and cons and Bitcoin is slightly having an edge because it's an online currency and can do more than gold but gold is tangible and can be safely kept than bitcoins which need internet before you can access them

I think it is fair that we compare them, gold has been the point of reference for a lot of time and now bitcoin wants to be the new point of reference when it comes to currencies so unless we can compare them then we will not know if bitcoin is better than gold, and it is clear that since I’m on this forum I think bitcoin is better than gold.

For me in shorter period of time bitcoin could yield more profits but gold have stable future still since price would definitely go up and dont go down unless no people would got an interest on it.

we are expecting more profit from bitcoin, because of the fluctuation in the price of bitcoin, last day bitcoin price was trading below 4100$ but now we can see that it again trading above 4300$ so we have always give good profit while gold is good for saving because the price of gold remain as constant and we can examine a very minor change in the price of bitcoin.

Gold and the digital currency are in different categories of value. However, bitcoin can still be said to be better than gold due to the fact that by rapidly increasing the cost (price), it provides a much greater profit, which it gives gold from keeping it in any bank.